Shares of Tsakos Energy Navigation Ltd. (NYSE:TNP) have been given an average rating of “Buy” by the ten brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.50.

TNP has been the subject of several recent research reports. Cowen decreased their price target on shares of Tsakos Energy Navigation from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, September 15th. Morgan Stanley decreased their price target on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating for the company in a research report on Monday, September 18th. Maxim Group set a $6.00 price target on shares of Tsakos Energy Navigation and gave the company a “buy” rating in a research report on Thursday, November 30th. Jefferies Group reissued a “buy” rating and issued a $6.00 price target on shares of Tsakos Energy Navigation in a research report on Monday, October 16th. Finally, BidaskClub cut shares of Tsakos Energy Navigation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th.

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Tsakos Energy Navigation (NYSE:TNP) traded up $0.01 during trading on Monday, reaching $3.95. 396,643 shares of the company traded hands, compared to its average volume of 354,670. Tsakos Energy Navigation has a 12-month low of $3.82 and a 12-month high of $5.28. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.03 and a quick ratio of 0.99. The firm has a market cap of $332.42, a P/E ratio of 35.82, a PEG ratio of 6.16 and a beta of 1.51.

Tsakos Energy Navigation (NYSE:TNP) last posted its earnings results on Thursday, November 30th. The shipping company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Tsakos Energy Navigation had a net margin of 5.64% and a return on equity of 2.02%. The company had revenue of $96.92 million during the quarter, compared to analyst estimates of $101.62 million. research analysts predict that Tsakos Energy Navigation will post 0.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.20 annualized dividend and a dividend yield of 5.06%. Tsakos Energy Navigation’s dividend payout ratio (DPR) is currently 100.00%.

Institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in shares of Tsakos Energy Navigation by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 29,339 shares of the shipping company’s stock worth $141,000 after purchasing an additional 2,104 shares during the last quarter. WFG Advisors LP lifted its position in shares of Tsakos Energy Navigation by 0.3% during the 2nd quarter. WFG Advisors LP now owns 51,763 shares of the shipping company’s stock worth $248,000 after purchasing an additional 156 shares during the last quarter. Virtu KCG Holdings LLC lifted its position in shares of Tsakos Energy Navigation by 65.2% during the 2nd quarter. Virtu KCG Holdings LLC now owns 52,120 shares of the shipping company’s stock worth $250,000 after purchasing an additional 20,577 shares during the last quarter. State Street Corp lifted its position in shares of Tsakos Energy Navigation by 15.7% during the 2nd quarter. State Street Corp now owns 112,100 shares of the shipping company’s stock worth $538,000 after purchasing an additional 15,231 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Tsakos Energy Navigation by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 214,500 shares of the shipping company’s stock worth $1,030,000 after purchasing an additional 2,500 shares during the last quarter. 26.08% of the stock is owned by institutional investors and hedge funds.

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Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 57 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.